Rock Tech Lithium Inc Stock Price, News & Analysis

Rock Tech Lithium (OTCQX:RCKTF) and Ronbay Technology have signed a strategic MoU to establish an integrated battery materials supply chain in Europe. The partnership centers on Rock Tech supplying battery-grade lithium hydroxide from its Guben Converter in Germany to Ronbay's European cathode production facilities.

Ronbay, a global leader in cathode active materials (CAM), will provide technical support and explore potential investment in Rock Tech's Guben facility. Ronbay's European operations include a 25,000-ton capacity plant in Konin, Poland, expected to begin commercial production in 2026. The Guben Converter aims to produce 24,000 tonnes of battery-grade lithium hydroxide annually, sufficient for over 500,000 electric vehicles.

Rock Tech Lithium (RCKTF) has secured funding from EIT RawMaterials for its OLiVer project, aimed at innovating lithium processing technologies in Germany. The company will receive EUR 800,000 out of a total EUR 2.5 million grant to optimize its lithium conversion processes at the Guben Converter facility. This marks Rock Tech's first funding after being recognized as a strategic project under the Critical Raw Materials Project by the European Commission. The company will collaborate with key research partners including AdMiRIS, NTUA, and VITO to enhance lithium hydroxide monohydrate production from spodumene, focusing on improving extraction efficiency and reducing environmental impact through pilot-scale demonstrations.

Rock Tech Lithium (RCKTF) has secured up to EUR 150 million in potential government-backed support through conditional Letters of Support from UK Export Finance (UKEF) and Finnish export credit agency Finnvera for its Guben Lithium Converter project. This support complements the previously announced EUR 150 million senior debt tranche from the European Investment Bank (EIB). The Guben Converter, located in Brandenburg, Germany, is set to become Europe's first commercial lithium hydroxide refinery with an annual production capacity of 24,000 tonnes of battery-grade lithium hydroxide, sufficient to supply over 500,000 electric vehicles. The facility, recognized under the EU's Critical Raw Materials Act, will create approximately 200 jobs and process spodumene concentrate from C&D Logistics. Additional discussions with export credit agencies from Europe, Australia, and China are ongoing for further support.

Rock Tech Lithium (RCKTF) has announced key executive leadership changes as part of its strategic evolution. Mirco Wojnarowicz, who has been with the company for three years, has been appointed as CEO, while Christopher Wright takes on the role of CFO. Kerstin Wedemann continues as Chief Legal & Corporate Officer.

Dirk Harbecke, who served as interim CEO since 2022, will remain as Chairman of the Board and the company's largest shareholder. Wojnarowicz brings over 15 years of international leadership experience and has successfully driven strategic initiatives at Rock Tech, including securing offtake agreements and establishing a lithium joint-venture with Transamine SA. Wright brings 15+ years of finance and mining experience, including project financing expertise from Liontown Resources.

Rock Tech Lithium (TSXV: RCK) (OTCQX: RCKTF) has announced the appointment of Dr. Beate Degen to its Board of Directors, effective immediately. Dr. Degen brings extensive global expertise in strategy, innovation, sustainability, artificial intelligence, and risk management, with experience across commodities, life sciences, deep tech, and financial services sectors.

Dr. Degen's background includes senior strategic leadership and finance positions at Bayer AG, Ernst & Young, and various tech start-ups. Concurrent with this appointment, Klaus Schmitz, who has served since 2021 and played a key role in developing the company's first German lithium converter, has resigned from the Board of Directors.

Rock Tech Lithium (RCKTF) has achieved a significant milestone as its Guben Converter project received Strategic Project status under the EU's Critical Raw Materials Act (CRMA). The project is among only three Strategic Projects selected in Germany and stands as the sole lithium processing facility among 47 chosen projects capable of processing spodumene concentrate into battery-grade Lithium Hydroxide using the sulphation-causticization route.

This designation grants Rock Tech enhanced access to funding opportunities and stronger support from European policymakers. The company will connect with the CRMA finance subgroup for guidance in project financing through private and public sources. Additionally, regional and national authorities can utilize the European Regional Development Fund and Cohesion Fund to support the project's development.

Rock Tech Lithium (TSXV: RCK) (OTCQX: RCKTF) has completed the second and final tranche of its non-brokered private placement, raising an additional $1,364,000 through the issuance of 1,364,000 Units at $1.00 per Unit.

The total offering has now reached $4,000,000 with a total of 4,000,000 Units issued. Each Unit comprises one common share and one purchase warrant, with warrants exercisable at $1.30 per share for 36 months from issuance.

The Unit Shares and Warrant Shares have received conditional listing acceptance from the TSX-V, pending final approval. The securities are not registered under the U.S. Securities Act and have restricted trading in the United States.

Rock Tech Lithium (RCKTF) announces its Guben Converter Project in Germany has been designated as a Strategic Project under the EU Critical Raw Materials Act (CRMA). The converter will produce 24,000 tonnes of battery-grade lithium hydroxide annually, sufficient to power over 500,000 electric vehicles.

Selected from over 170 applications, the project will benefit from the European Commission's initial €2 billion support package through loans, financing, and guarantees. The CRMA, implemented in May 2024, aims to secure sustainable supply of 17 critical raw materials essential for Europe's energy transition, while reducing dependence on third-country imports.

Rock Tech Lithium (RCKTF) has successfully closed a non-brokered private placement, raising $2.636 million through the issuance of 2,636,000 Units at $1.00 per Unit. Each Unit includes one common share and one purchase warrant, exercisable at $1.30 per share for 36 months.

The funding, secured from existing shareholders and European funds, will support the company's integrated conversion strategy and general corporate purposes. A finder's fee of EUR 23,967 was paid to an arm's-length party.

Additionally, Rock Tech granted 2,380,000 stock options to directors, officers, and employees, with 800,000 options allocated to Directors and Officers. These options were issued at an exercise price of $1.00, vest immediately, and expire on March 24, 2030.